Aus govt company seeks to invest in Adani's coal mine project
PTI An Australian government-owned fund manager company has expressed interest to invest in "infrastructure pieces" of Indian energy giant Adani's $21 billion controversial coal mine project in Queensland. Chief executive of QIC Damien Frawley said the company, whose major clients include defined benefit superannuation scheme for Queensland public servants, was keen to explore infrastructure opportunities around the state. Even though the company has not been approached for investment in the Adani's Carmichael coal mine project, QIC has said it would not be interested in the mine itself. "But the infrastructure pieces of Adani would be interesting for us to explore. If it fitted within the return rates we are seeking," Frawley was qouted as saying by 'The Courier Mail' here. The indicated area of investment ...
Adani may withdraw from Australian coal mine project
The Dollar Business Bureau Adani Enterprise is likely to withdraw its proposal to build the $10-billion Carmichael coal mine project in Australia. This is due to the delay that the company is facing caused by multiple legal challenges by various environmental groups, the company's Chairman Gautam Adani said on Saturday. Adani expressed his disappointment to the media as the project got delayed beyond its schedule. Australia's Queensland government had given permission for coal mining which is estimated at 11 billion tonnes. Approval was given to build roads, power lines and pipelines along with the mine. But this wasn't approved by the environmentalists who were fighting against the Govt's approval. According to them, there could be potential loss to the environment due to dredging, shipping and other climate changes stoked by coal mining. Groups of environmentalists ...
Adani's coal mine project gets re-approval in Australia
Source: PTI Indian mining giant Adani's plan to build one of the world's largest coal mines got a new lease of life on Thursday after the Australian government gave its re-approval to the 16.5 billion controversy-hit project but with “strictest conditions” amid environmental concerns. Over two months after an Australian court revoked the environmental approval for the project, Environment Minister Greg Hunt signed the papers, giving Adani the re-approval with conditions imposed that take into account community issues and would ensure that the company meets the highest environmental standards. The federal court in August had revoked the original approval due to a bureaucratic bungle over two vulnerable species – the yakka skink and the ornamental snake. Stating that Adani's Carmichael Mine and ...
